[quote=no_such_reality]I’m curious what you think those reasons are?

Other than laziness and not thinking it’s important?

I’m serious. I can understand a probationary cleaning before enrollment, but nearly 18 months with what appears to be a once a year enrollment?

I’ve seen this at some small firms but not to this extent and just my anecdotal observation, the lack of importance they place on having this critical compensation component for their employees permeates a lot of activities in the company.

I get they don’t have great fund selection, that’s a side effect of being small and herded into fee generating plan by the servicer. (that has it’s own concerns)[/quote]

In the bay area, some companies did this as one of many ways to discourage you from leaving within one year, similar to sign on bonus fine print that stated you had to return the bonus if you left within a year. I guess there is also an administrativr pita of dealing with plans when the employee doesnt stay that long